In a striking display of blockchain activity, Solana (SOL) has surged ahead of every other Layer 1 and Layer 2 network in terms of 24-hour network revenue, generating $7.96 million on May 13, 2025, according to data from Blockworks Research.
Solana’s network revenue exceeded the combined total of all other major blockchains, including Ethereum, Tron, and Bitcoin. For comparison:
Ethereum brought in $2.54 million
Tron followed closely with $2.35 million
Bitcoin generated just $648K
BNB earned $446K
Base, Coinbase’s Layer 2, made $273K
Remaining chains like Arbitrum, Optimism, Avalanche, and Polygon each brought in less than $50K
The total combined network revenue across all chains for the day was approximately $14.3 million, meaning Solana accounted for over 55% of all blockchain revenue.
What’s Driving Solana’s Revenue Surge?
Solana’s explosive revenue performance comes amid growing momentum across several sectors:
Stablecoin and DeFi usage on Solana has grown rapidly
Institutional interest, including PayPal, Visa, and Shopify, settling transactions on the network
Recent memecoin activity and low transaction costs have also attracted high-volume users
With average fees under $0.01 and sub-second finality, Solana’s high-speed infrastructure is becoming a magnet for both developers and users seeking performance and scalability.
A Shift in Market Leadership?
Ethereum has long dominated fee revenue thanks to its robust DeFi and NFT ecosystems. However, this latest spike suggests Solana may be on track to reshape the competitive landscape—especially as more payment firms and consumer apps deploy on its network.
The data also suggests that network activity, and not just token speculation or total value locked (TVL), is becoming a more important metric in determining blockchain relevance.
As usage increases and developer activity accelerates, Solana’s dominance in network revenue could signal a deeper shift in blockchain market leadership.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/solana-tops-all-blockchains-in-24-hour-network-revenue/